Landlords and Property Managers face 5 years jail for providing advice on Super

Discussion in 'Property Management' started by Peter2013, 3rd Apr, 2020.

Join Australia's most dynamic and respected property investment community
  1. Peter2013

    Peter2013 Well-Known Member

    24th Aug, 2019
    There is a story in the Australian today. Corporate regulator ASIC reminds Landlords and Property Managers that they cannot provide financial advice without a financial services licence. I.e. they cannot tell tenants to use super or give advice on how to fund rents.

    Tentants who has received such emails should contact ASIC and the property manager's licencing body.
    shorty and Michael Mitchell like this.